Forex Videos

Archives

USD/JPY and AUD/USD Forecast — March 13th 2019

March 13, 2019 at 17:39by K. Prabhu

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the March 13th session.

USD/JPY — The Tuesday session did not see much in the way of action. On Monday session, the market found some support at 200-day EMA. To the downside, the 108.00 is the target, in case the market turns bearish. To the upside, the market faces resistance at 111.00. A break above this level is bullish, leading the market towards 112.00.

AUD/USD — The Aussie pulled back on Tuesday session into a support zone. It looks like the market is attempting to form a basing pattern. This pair is influenced by headlines related to US-China trade relations. The market is at the bottom of this consolidation zone, which looks very supportive. So, this market could grind its way slowly upwards.